Which structural reforms affect labour productivity growth in developing countries? This paper answers this question by … that financial reforms, trade reforms, and product market reforms boost labour productivity growth. By documenting the main … channels, our results reveal that the reforms studied stimulate labour productivity growth by inducing dynamic efficiency …

", as proxied by productivity growth shocks - in line with the Real Business Cycle framework -, and we provide empirical …

-stationary productivity shock process. Third, the observed data favor the quadratic benchmark RBC and financial frictions models over the … model accounts for Argentine economic fluctuations by assigning a dominant role to non-stationary productivity shocks …

generating the pre-crisis productivity slowdown, while starting from the Great Recession a shock to liquidity demand is …This paper analyses the endogeneity of euro area total factor productivity and its role in business cycle amplification … by estimating a medium-scale DSGE model with endogenous productivity mechanism on euro area data. In this framework …

continuous time series data, we causally identify, using a range of approaches, that higher productivity growth leads to greater … savings, thereby contributing to higher investment. The dynamics of such productivity shocks have been disentangled into trend … and cyclical shocks to uncover that cyclical productivity shocks tend to have a strong positive effect on saving rates …